Bears are Losing Control Over ATI Physical Therapy (ATIP), Here's Why It's a 'Buy' Now

Core Viewpoint - The stock of ATI Physical Therapy, Inc. (ATIP) has recently experienced a bearish trend, losing 5.7% over the past two weeks, but the formation of a hammer chart pattern suggests a potential trend reversal as buying interest may be increasing [1] Technical Analysis - The hammer chart pattern indicates a possible bottoming out of the stock price, with reduced selling pressure and a shift in control towards bulls [1][2] - A hammer pattern forms when there is a small candle body with a long lower wick, signaling that bears may be losing control during a downtrend [2] Fundamental Analysis - There has been a significant upward revision in earnings estimates for ATIP, with the consensus EPS estimate increasing by 21.6% over the last 30 days, indicating strong agreement among analysts about improved earnings potential [3] - ATIP holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which historically outperform the market [3] - The Zacks Rank serves as a timing indicator, suggesting that ATIP's prospects are beginning to improve, reinforcing the bullish case for the stock [3]